The Arizona sentinel., 1887-09-10
Articles Ot !nsOyn9r atiOn
Of the South Gila Development Company

We, Robert McPherson, w. E. Pope and O. F. Thornton, desiring to incorporate our selves under the provisions of the Laws Of the Territory of Arizona and especially an act of the Legislative Assembly the eof entitled "An Act Concerning Corporations, '" lpnro, ed March Sth, 1887. for the purpose of engiring in the business and enterprise hereinafter mentioned, do make, subscribe and acknowledge in triplicate these Article of Incorporation.
 The name of this corporation, and by which it shall be hereafter known is '"The South Gila Development Company" and it's principal place for transacting business is in the town of Aztec, County of Yuma, Terri ritory of Arizona.
 II.
 The business and enterprise in which this corporation proposes to engage in shall be. to acquire by purchase, location, or in any other lawful manner, real estate, land and all other kind of property, real, personal or mixed, and to improve and sell the same; to borrow or loan money and receive mort gages unon lands, and to carry on the busi- ness of Banking in all it's branches; to buy and sell merchandise, and conduct and car " on a mercantile business in all it's branch es: to acquire water by location or purchase and construct anl maintain dams, canals, ditches, pipes and reservoirs for conducting and distributing the same; to construct buildings and warehouses, and hold, occu ny, buy and sell the same; to construct roads and maintain the same; to erect, ope- rate and maintain telephone and telegraph lines; to mortgage, hyrothecate or pledge any of the property of this corporations: 70 do and transact any and all kinds of busi- ness which may be transacted by natural person.
 The amount of the capital stock of this corporation shall be two million (S2, 900. .00O dollars, divided into twenty thousand t20.- 000) shares at the par value of one hundred iSl00) dollars per share. and the same shall be nnn-assesslble and the said capital stock shall be pail in at tn. times and under the conditions ordered and authorized by the Board of Directors of this corporation.
 ".
 The time of the commencement of this corp1ration shall he the day of the filing of these Articles in the office of the Recorder of the County of Yuma, Territory of Ari- zona, and shall terminate fifty (50l years thereafter.
 V.
 The highest amount of indebtedness or liability, direct or contisgent, to which this corporation is at any time to be subject, is the sum of One Hundred Thousand (Sl00,- o00) Dollars.
 VI.
 | # l.I.. liability to which thls corporation is at any time to subject itself is the sum of One Hun dred Thousand (SlO0, ,000) Dollars.
 VII,
 The affairs of this corporation shall be conducted by a Board of Directors compos- ed of five (5l persons who shall be elected annually by the stockholders. and shall hold office for one year and until their successor are elected ard qualified. The time and manner of said election shall be provided for in the By Laws of said corporation Said Directors shall be subscribers to the capital stock of said corporation and no per son shall be eligible to said offi"e unless he hea stoc6holder in the corporation, and any person ceasing to be subscriber shall cease to be Director, and hereafter if any Di- rector shall cease to be stockholder he shall cease to be a Drectar.
 The Board of Directors of this corporation sh*ll have power to establish Bylaws and make all rules and regulations e'essary for the management of the affairs of this corpo- ration, and the officers thereof.
 The following named persons, who art subscribers to the capital stock of corpora tion, shall constitute it's Board of Directors until the 2O,h day of July. 1888, and unti their successors are duly elected and Quali fed, to wit Robert McPherson, w. F. Pope, O. F. Thornton, G. W. Cameron, and G. w. Mauk.
 VIII.
 The stockholders and their private pro perty shall be exempt from the corporate debts of this corporation.
 In Witness Whereof we have hereunto set our hands and seals this 20th day of July. 1887. Executed in triplicate.
 (Signed) ROBERT McPHER:ON. L. z.
 w. E. POPE. l.. =.
 o. F. THORNTON. L. $. Territory of Arizoua,